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Elizabeth city, NJ

ZIP 07206 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07206

Median Home Value
$339,200
Median Rent
$1,324
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,179/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07206 in Elizabeth city, NJ, a household would need roughly $93,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,179. That is about 52% above the local median household income ($60,992), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
27.0%-59% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
79.8%-8% vs US avg
x
4+ Bedrooms
1.1%-92% vs US avg
x
Built Pre-1939
17.6%+38% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
32.4%-35% vs US avg
x
Mortgage-Free
39.1%+2% vs US avg
x
$339,200
Home Value
$1,324
Rent
1951
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached9.8%
  • 1-unit attached8.4%
  • 2-9 units76.4%
  • 10+ units5.2%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$339,200
Median rent$1,324
Owner-occupied27.0%
Vacant5.9%
Price-to-income5.6x
Est. income to buy$93,000